Why have Visa and Mastercard not changed their purchase validation system?
A static number that, once discovered, allows anyone to make a purchase until that number's use is deactivated? I should have 2-factor auth on all purchases, my credit card number should only act as a public key, or I should have the ability to generate new disposable numbers on the fly.
They've pushed this nominclature of "identity theft" (which attempt to make consumers feel as though they've been robbed) when in truth these are just cases of fraud that were made possible and likely because Visa and Mastercard haven't improved THEIR security for about 20 years.